China's nonferrous metal industry achieved a good start in the first quarter

On May 4th, according to the China Nonferrous Metals Industry Association, China's nonferrous metal production had a good start with a rapid growth momentum as China's economic production and demand improved significantly in the first quarter, and market confidence and expectations improved significantly. The output of ten common nonferrous metals represented by copper and aluminum increased by 9% year on year, while the fixed assets investment of China's nonferrous metals industry also continued to maintain a double-digit growth rate, increasing by 1.2% year on year. It is expected that China's consumption will continue to recover well in the second quarter, real estate investment will gradually stabilize, and export growth rate will bottom out and repair, which will drive China's nonferrous metal industry production and investment to continue to maintain a rapid growth momentum.